Enhancing competitiveness and fostering sustainable growth: methodological issues and empirical results

European Central Bank, Frankfurt am Main, 25 - 26 June 2015

Conference material

Thursday, 25 June 2015


Welcome address by Peter Praet, Member of the Executive Board, European Central Bank

Introductory remarks, Filippo di Mauro, European Central Bank

Session 1: Global Value Chains

Import Competition, Productivity and Multi-Product Firms, Emmanuel Dhyne, Amil Petrin, Valerie Smeets, Frederic Warzynski

“The Trade and Import Demand Nexus – Any Changes From Global Value Chains?”, Alexander Al-Haschimi, Frauke Skudelny, Elena Vaccarino, Julia Wörz

Academic panel

Session 2: Resource Allocation and Growth

“Capital Allocation and Productivity in South Europe”, Gita Gopinath, Sebnem Kalemli-Ozcan, Loukas Karabarbounis, Carolina Villegas-Sanchez

“Productivity, Misallocation and Trade”, Antoine Berthou, Charlotte Sandoz, Kalina Manova

Academic panel

Round Table: Towards Sustainable Growth

Rapporteurs: João Amador and Antoine Berthou

Panellists: Boris Vujčić, Giancarlo Corsetti

Friday, 26 June 2015

Session 3: Trade and Competitiveness

“It takes (more than) a moment: Revisiting the link between firm productivity and aggregate exports”, Giorgio Barba Navaretti, Matteo Bugamellli, Emanuele Forlani, Gianmarco I.P. Ottaviano

“Unravelling Firms: Demand, Productivity and Mark-ups Heterogeneity”, Emanuele Forlani, Ralf Martin, Giordano Mion, Mirabelle Muûls

Academic panel

Session 4: Firm Heterogeneity and the Business Cycle

“Exchange rate movements, firm-level exports and heterogeneity”, Antoine Berthou, Calin-Vlad Demian, Emmanuel Dhyne

“Demand learning and firm dynamics: evidence from exporters”, Nicolas Berman, Vincent Rebeyrol, Vincent Vicard

Academic panel

Round Table: Engine for Growth, Structural Reforms and Monetary Policy

Chair: Athanasios Orphanides

Rapporteurs: Paloma López-Garcia and Konstantins Benkovskis

Panellists: Paolo Pesenti, Debora Revoltella and Dirk Pilat

Poster Session

Hosted by Filippo di Mauro (ECB), Chairman of CompNet

The conference was on the following fields:

  • Trade and productivity, including firm heterogeneity and trade, exchange rate and pass-through, and price and non-price competitiveness
  • (Mis)allocation of resources and the role of institutions
  • (Mis)allocation of resources and credit constraints
  • Potential growth and the business cycle
  • The role of global value chains, including firm boundaries and competitiveness, cross-country spillovers and domestic impact on productivity


Filippo di Mauro, Email